De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
sports
Financial Markets
JD Sports Sprints Ahead on Demand for Trainers, Track Pants
The British retailer plans to look overseas for further growth after bucking a gloomy UK retail sector by boosting annual profit by a quarter.
JD Sports Sprints Ahead on Demand for Trainers, Track Pants
The British retailer plans to look overseas for further growth after bucking a gloomy UK retail sector by boosting annual profit by a quarter.
News & Analysis
Adidas Wins World Cup Race, but Nike Kicks Back at Ground Level
Adidas has managed to kick Nike out of the top spot where it really matters: in sales to consumers who play for fun.
Adidas Wins World Cup Race, but Nike Kicks Back at Ground Level
Adidas has managed to kick Nike out of the top spot where it really matters: in sales to consumers who play for fun.
News & Analysis
Adidas Edges Nike in World Cup Team Sponsorship
The sponsorship stakes are high, with Nike and Adidas jointly selling almost $5 billion worth of soccer gear last year.
Adidas Edges Nike in World Cup Team Sponsorship
The sponsorship stakes are high, with Nike and Adidas jointly selling almost $5 billion worth of soccer gear last year.
News & Analysis
Two Billionaires Bet They Can Sell Sports Merch to the World
Fanatics Inc, which replaced Nike this year as the biggest seller of player merchandise, is planning a global push after a $1 billion investment. But US-style sports merchandise could be a tougher sell abroad.
Two Billionaires Bet They Can Sell Sports Merch to the World
Fanatics Inc, which replaced Nike this year as the biggest seller of player merchandise, is planning a global push after a $1 billion investment. But US-style sports merchandise could be a tougher sell abroad.
Technology
Nike Unveils 'Connected' Jersey for NBA Partnership
Stefan Olander, Nike’s vice president of digital, tells BoF how the jersey will bring basketball fans closer to the game.
Nike Unveils 'Connected' Jersey for NBA Partnership
Stefan Olander, Nike’s vice president of digital, tells BoF how the jersey will bring basketball fans closer to the game.
News & Analysis
Adidas Loses Rulings Over Skechers' Alleged 'Springblade' Knockoffs
A federal judge has rejected Adidas effort to block Skechers USA Inc from selling athletic sneakers that it said copied its "Springblade" concept.
Adidas Loses Rulings Over Skechers' Alleged 'Springblade' Knockoffs
A federal judge has rejected Adidas effort to block Skechers USA Inc from selling athletic sneakers that it said copied its "Springblade" concept.
Retail
Adidas CEO Says Top Team Now 'Ideal' After Management Shakeout
Chief executive Kasper Rorsted said his top team was now complete after the departure of two executives who served for years under his predecessor and the appointment of the first woman to the executive board since 1993.
Adidas CEO Says Top Team Now 'Ideal' After Management Shakeout
Chief executive Kasper Rorsted said his top team was now complete after the departure of two executives who served for years under his predecessor and the appointment of the first woman to the executive board since 1993.
Retail
Adidas Sells Golf Businesses to Focus on Core Brands
The world’s second largest sport apparel company said it is focusing on its core brands, having already announced its intention to sell the golf companies by 2016.
Adidas Sells Golf Businesses to Focus on Core Brands
The world’s second largest sport apparel company said it is focusing on its core brands, having already announced its intention to sell the golf companies by 2016.
Retail
Adidas Names New Head of Global Operations
The move is one of latest changes in the sportwear company's senior management since its new chief executive Kaspar Rorsted took over his role in October.
Adidas Names New Head of Global Operations
The move is one of latest changes in the sportwear company's senior management since its new chief executive Kaspar Rorsted took over his role in October.
Retail
JD Sports Rides Athleisure Wave to Success
Against a backdrop of job losses and bankruptcies in the rest of Britain’s retail sector, JD has found itself in a sweet spot.
JD Sports Rides Athleisure Wave to Success
Against a backdrop of job losses and bankruptcies in the rest of Britain’s retail sector, JD has found itself in a sweet spot.
Marketing
News Bites | SoulCycle Reveals Laird+Partners Campaign, Balmain Appoints New CEO
In today's News Bites, SoulCycle reveals its first ever campaign by Trey Laird and Balmain appoints a former Valentino executive as its new CEO.
News Bites | SoulCycle Reveals Laird+Partners Campaign, Balmain Appoints New CEO
In today's News Bites, SoulCycle reveals its first ever campaign by Trey Laird and Balmain appoints a former Valentino executive as its new CEO.
Retail
Under Armour Shares Could Rise More Than 30 Percent
The company is likely to increase sales at a double-digit clip for years to come, according to a Barron's report.
Under Armour Shares Could Rise More Than 30 Percent
The company is likely to increase sales at a double-digit clip for years to come, according to a Barron's report.
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.